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An update from Indoco Remedies Limited ( (IN:INDOCO) ) is now available.
Indoco Remedies Limited has announced the approval of a corporate guarantee up to Rs. 25 Crores for its wholly owned subsidiary, Warren Remedies Private Limited. This guarantee, provided in favor of HDFC Bank Limited, supports loan and credit facilities for Warren Remedies and creates a contingent liability for Indoco Remedies, potentially impacting its financial statements.
More about Indoco Remedies Limited
Indoco Remedies Limited operates in the pharmaceutical industry, focusing on the development, manufacturing, and marketing of pharmaceutical formulations. The company provides a range of products including tablets, capsules, and injectables, and is known for its commitment to quality and innovation in healthcare solutions.
Average Trading Volume: 20,475
Technical Sentiment Signal: Sell
Current Market Cap: 26.05B INR
Find detailed analytics on INDOCO stock on TipRanks’ Stock Analysis page.